Covid Pandemic impacts on demand for travel trusts for merchant facilities

The demand for travel trusts for merchant facilities has seen a significant upturn as the pandemic progresses and continues its negative impact across the travel industry – as consumers recoup their losses via card issuers. Chargebacks have inevitably resulted when delays ensue in consumers receiving refunds for holidays cancelled owing to Government restrictions and border […]

The Travel Agent Trust Account – Your flexible friend

The internet age has brought with it an almost limitless flexibility in the way that travel agents can structure the sale of travel arrangements to suit each pocket, whim and preference. It is really only the travel agent trust account that has the ability to morph seamlessly to cover this range of different types of […]

Seven good reasons why travel trust accounts should be favoured

We are professional trustees to travel. Our decades of experience and knowledge of the travel industry (and specifically the experience we have gained in running travel specific trust accounts) enable us to identify the pitfalls and benefits of trust accounts as a means of providing financial protection. Since the implementation of the Package Travel and […]

Travel Trust Accounts versus Travel Bonding

Trust Accounts are the ‘new black’ for the travel industry, there’s no denying it. There’s increasing talk of the government withdrawing their backing of the Air Travel Trust and if that becomes the case, trust accounts have to be the fall-back position. But it’s not surprising really, because trust accounts have so much going for […]

Travel Company Trust Account – Case Study 2

It’s a common misconception that a travel company trust account is just for small or start-up businesses. But, actually the travel trust account option of complying with the financial protection requirements for consumers’ forward payments under the Package Travel Regulations 2018 and the ATOL Regulations 2012 is becoming increasingly favoured by larger travel companies as […]

Trust Accounts – Case study 1

The Start Up Travel Business  Often, my first conversation about trust accounts isn’t really about the trust account itself. It’s about the commercial objectives of the start-up company, the resources they have to tackle those objectives, and the legal framework in which they are operating. So many travel companies come to me who are trading […]